$488,500
SOLD SEP 23, 2025

5441 Vermilion Trail Gilbert, MN 55741

3 Beds
1.5 Baths
1,520 Sq Ft
6.7 Acre Lot

Sale Details

Date Sold: September 23, 2025

$321 Per Sq Ft

30% Below List Price

378 Days on Market

Highlights

  • Private Waterfront
  • Panoramic View
  • Deck
  • Docks
  • Island Location
  • Vaulted Ceiling

About This Home

As of September 2025

Dig Your Toes Into The SAND BEACH Or Relax On The Deck Or Patio As The Sun Sinks Down—See All The Way Across Cedar Island Lake. Professionally Built Yr Rnd Retreat On Private Peninsula, Like Driving To Your Own Island! Private level apx 6.7 acres & 440 ft lakeshore. 10 mi to Virginia or 5 to Giants Ridge. 1520 SF 3B2B home, heated 3 st garage, gazebo. Open livrm w/beamed ceiling, oak floors, granite gas firepl & wall of windows lakeside. Custom kitch w/newer ss apls open to living, dining & lakeside deck. All BRs w/beautiful water views. Economical in flr heat. Drilled well, new pressure tank, whole house carbon/particle filter, 5 yr old roof, dock. Good internet. Next to snowmobile & Mesabi bike trails. Click link for 3D Tour!

Last Agent to Sell the Property

Lisa Janisch

Janisch Realty Inc. Listed on: 08/20/2024

Last Buyer's Agent

Lisa Janisch

Janisch Realty Inc. Listed on: 08/20/2024

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,179

Year Built

  • Built in 1993

Lot Details

  • 6.7 Acre Lot
  • Lot Dimensions are 435x435
  • Private Waterfront
  • 440 Feet of Waterfront
  • Lake Front
  • Property fronts a private road
  • Irregular Lot
  • Lot Has A Rolling Slope
  • Many Trees

Property Views

  • Lake
  • Panoramic

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Wood Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding

Interior Spaces

  • 1,520 Sq Ft Home
  • 2-Story Property
  • Woodwork
  • Beamed Ceilings
  • Vaulted Ceiling
  • Gas Fireplace
  • Entryway
  • Living Room
  • Combination Kitchen and Dining Room
  • Wood Flooring

Kitchen

  • Range
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Bathroom on Main Level
  • Bathtub With Separate Shower Stall

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Parking

  • 3 Car Detached Garage
  • Heated Garage
  • Insulated Garage
  • Garage Door Opener
  • Gravel Driveway

Outdoor Features

  • Docks
  • Deck
  • Gazebo

Location

  • Island Location

Utilities

  • No Cooling
  • Dual Heating Fuel
  • Baseboard Heating
  • Drilled Well
  • Electric Water Heater
  • Private Sewer
  • Satellite Dish

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 260-0012-00542

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,179

Year Built

Built in 1993

Lot Details

6.7 Acres

Listing Details

  • Class: SINGLE FAMILY
  • Directions: From Biwabik S. on Hwy 4, W. on Mickelson Rd. to Fire #.
  • InternetOptions: Satellite
  • L O1 Office Phone1 Number: 218-780-6644
  • Remodeled Addition: No
  • ShorelineCharacteristics: Gravel, Sand
  • Property Sub-Type: SF/Detached
  • Tax Year: 2025
  • View Type:Pond View: Inland Lake, Panoramic
  • Lot Description Waterfront: Yes
  • Air Conditioner: None
  • Reso Association Amenities: Garage Door Opener, Hardwood Floors, Natural Woodwork, Vaulted Ceilings, Beamed Ceilings, Main Floor Laundry, Dryer Hook-Ups, Washer Hook-Ups
  • Amenities Exterior: Deck, Dock
  • Half Bathrooms: 1
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 1520
  • Garage Type: Detached
  • Heat: Baseboard, Dual Fuel/Off Peak, Electric
  • Fireplaces: 1
  • MainFloorBath: Yes
  • RdBtwnWtrfrntAndHome: No
  • Reso Roof: Asphalt Shingles
  • Bedroom 3: Kitchen
  • TotalBedrooms: 3
  • Year Built: 1993
  • Level 1 Bedroom: Main
  • RoomLevel3: Main
  • RoomLevel4: Upper
  • RoomLevel5: Upper
  • RoomLevel6: Upper
  • Property Style: Traditional
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Exhaust Fan/Hood, Microwave, Range/Stove, Refrigerator, Washer
  • Basement Material: N/A
  • Basement Style: Slab
  • Bathroom Description: 1/2 Main Floor, Separate Tub & Shower, Full Upper
  • Formal Dining: Combine with Kitchen
  • Extra Rooms: Entry
  • Fireplace: Yes
  • Den Fireplace Type: Gas
  • Bedroom Features:Main Floor Bedroom: No
  • Bathroom 1: Living Room
  • Bathroom 2: Dining Room
  • Main Residence Features:Family Room4: Bedroom
  • Bedroom 5: Bedroom
  • Stories: 2 Story
  • Room 6: Bedroom
  • Total Bathrooms: 2
  • Total Fin Square Footage: 1520
  • Exercise Room Level2: Main

Exterior Features

  • Out Buildings: Gazebo
  • Road Frontage: Private
  • Waterfront Access: Private
  • Water Frontage In Feet: 440
  • Waterfront Name: Cedar Island
  • Construction Status: Previously Owned
  • Exterior: Wood

Garage/Parking

  • Parking Driveway: Driveway - Gravel
  • Garage Features: Electrical Service, Heat, Insulation, Slab
  • Garage Capacity: 3
  • ParkingFeaturesGarageDimensions: 30x20

Utilities

  • Power Company: Minnesota Power
  • Sewer: Private
  • Water: Drilled

Condo/Co-op/Association

  • Association Fee: No

Schools

  • Junior High Dist: Mesabi E. #2711

Lot Info

  • Estimated Lot Dimensions: 435x435
  • Estimated Number of Acres: 6.7
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Lot Description: Irregular Lot, Tree Coverage - Heavy, Rolling, Island/Peninsula
  • Parcel Number: 260-0012-00542
  • Waterfront Type: Inland Lake

Rental Info

  • Lease Terms: Cash, Conventional

Tax Info

  • Tax Amount: 2179

Matterport 3D Tour

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 20, 2024
Closed on
Sep 23, 2025
Sold by
Bought by
Seller's Agent
Lisa Janisch
Janisch Realty Inc.
Buyer's Agent
Lisa Janisch
Janisch Realty Inc.
List Price
$698,500
Sold Price
$488,500
Premium/Discount to List
-$210,000
-30.06%
Views
285
Current Estimated Value
$481,498

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$7,002
Avg. Annual Appreciation
-1.66%

Purchase Details

Closed on
Aug 22, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$226,400
Interest Rate
0.0589%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jan 9, 2002
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Warranty Deed $488,500 None Listed On Document
Deed $283,000 Rels
Warranty Deed $190,000 Ati Title Company
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Previous Owner $172,000 New Conventional
Previous Owner $208,900 New Conventional
Previous Owner $214,975 New Conventional
Previous Owner $226,400 Fannie Mae Freddie Mac
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
09/23/2025 09/23/25 Sold $488,500 0.0% $321 / Sq Ft
09/02/2025 09/02/25 Pending -- -- --
08/30/2025 08/30/25 Price Changed $488,500 -1.0% $321 / Sq Ft
08/21/2025 08/21/25 Price Changed $493,500 -1.0% $325 / Sq Ft
07/07/2025 07/07/25 Price Changed $498,500 -4.9% $328 / Sq Ft
06/16/2025 06/16/25 Price Changed $524,000 -4.6% $345 / Sq Ft
06/05/2025 06/05/25 Price Changed $549,000 -8.2% $361 / Sq Ft
05/22/2025 05/22/25 Price Changed $598,000 -4.2% $393 / Sq Ft
05/12/2025 05/12/25 Price Changed $624,000 -3.9% $411 / Sq Ft
04/21/2025 04/21/25 Price Changed $649,000 -7.1% $427 / Sq Ft
08/20/2024 08/20/24 For Sale $698,500 -- $460 / Sq Ft
Source: Lake Superior Area REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $2,346 $256,400 $75,000 $181,400
2023 $2,264 $237,300 $71,700 $165,600
2022 $2,284 $244,700 $71,700 $173,000
2021 $2,780 $244,700 $71,700 $173,000
2020 $2,796 $228,700 $71,700 $157,000
2019 $2,760 $225,500 $68,500 $157,000
2018 $3,012 $225,500 $68,500 $157,000
2017 $2,962 $233,700 $81,000 $152,700
2016 $2,882 $233,700 $81,000 $152,700
2015 $3,174 $217,500 $75,400 $142,100
2014 $3,174 $239,700 $103,600 $136,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6115677

APN: 260001200542

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